The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-02-08
CONDITION OF THE MARKETS
Wheat Very Dull, Spectators Being
Content to Wait Developments.
Good Buying of Corn Results in Slight Ad-
vance Over Saturdays Figures-0ats Dull
and Heavy-Proyisions Unsettled.
MONEY, BONDS AND STOCKS.
IL Feverish and Irregular Market, with q Tone
Of General Heaviness.

IL Teverish and Irregular Market, with Tone
of General Heaviness.
NEW YORK, Feb. Mooney on call was easy
at 306 per cent, closing at 3@4.
Prime mercantile paper sac per cent
Sterling Exchange was dull but steady at
"a. IS for sixsy-day bills, and 81 So for demand.
The total sales of stocks to-day were 35l ,935
shares, including the following: Canada South
ern. 2,s65; Delaware, Lackawanna e Western,
1920; Erie IL, 435; Lake Shore, "a, $40; Louis
Vile & Nashville, 14050; New York Central,
1850; Ohio g Mississippi, 3.6l5; Reading 79,45O;
St Paul, 76,6l5; St Paul s. Omaha, 4,27o; Tex
as Pacific, $780, Union Pacific, 10. no. Western
Union, 8,S48.
Governmeu bonds and State bonds were dull
and steady.
There was moderate degree Of activity in
stocks, although the only really active shares
were St. Paul and Reading, outside of
which there was little interest ST. Paul was
the great feature of the day, and was we'll sup
ported by the new pool, although the gain for
the day was fractional one. There was some
buying by the foreigners early in the day, and
after opening fractionally higher than Satur-
days closing, the temptation to realize upon the
advances Of the last two days of last
week was too strong to be resisted, and
the entire market sagged under free Of
ferings, but upon the strength of the conference
between the representatives of the Reading rail
road and a committee of its employees, a runor
that strike upon the Reading had taken place
was circulated, and that stock was sold down
about per cent The remainder of the market
sympathized to certain extent The trading
after the first hour, however, mostly of a
retail character, and fluctuations were confined
within narrow range. The opening was
strong at advances over Saturdays closing fig
ures Of a0s., The market was active in the
early dealings, but trading was marked by con-
siderable feverishness and irregularity, and,
while some few advances were made. a general
heavy tone overspread the list. The market
rallied in the first hour, and considerable
strength was shown by Richmond & West Point,
but toward noon the weakness was again appar-
emit, and after that time the entire list yielded
slowly on continual embarrassing volume Of
business Many stocks sho we'd slight improve
ment in the last hour, but the close was general
ly weak at or near the lowest prices reached.
Sales, oS! 935 shares. The net result Of the
days bus ness is irregular changes for fractional
amounts only, which about equally divided
between gains and losses
Railroad bonds were quiet but firm through
ont the forenoon, material advances being made
in many cases. Most Of the active issues how
ever, yielded somewhat toward the close though
final changes are generally in favor of higher
prices. The total days business was ST. 427 600
Texas Pacific, Rio trust receipts were the only
special feature, with sales of $780, 600. Closing
quotations were